Joshua Baer, the entrepreneur credited with helping transform Austin into one of America's leading technology hubs, has died after a private jet crashed on a highway in Texas. He was 50.

Six people were onboard the private jet from Mexico to Austin, which crashed on a highway in Laredo.

Joshua Baer, the CEO of Capital Factory, was confirmed by the company as dying in a private plane crash which came down on a highway in Texas with a total of six people on board